Combating Terrorism: A Socio-Economic Strategy
Abstract
New counterterrorism measures require one-time investments, which lead to short- to mid-term increases in the costs of doing business. These costs should be viewed as an investment that will pay dividends through reduced risk premiums and increased trade efficiency. In addition to the advantages of reducing exposure to terrorism, technological advances that enhance security are likely to boost the efficiency of cargo handling and people movement, lowering trade costs and making trade flows more efficient. The benefit of preventing reduced trade flows and encouraging investment is continued regional and global economic growth. Expansion and prosperity would enable nations and organizations to fund economic development policies and activities, which would create opportunities and expand a new middle class in communities that have traditionally supported terrorist groups. As the population recognizes the economic benefits of peace, they hopefully will work to inhibit local support for terrorist activities. Sound economic development policies can be one element to fulfill the 9/11 Commission's recommendations of identifying potential terrorist sanctuaries and preventing them from becoming operational spaces for the actors of terror. Igniting and sustaining economic growth in the poorest areas requires creativity and cooperation. Regional stakeholder nations and organizations should pool resources and capabilities to address this challenge. Cooperation among cross-disciplinary organizations such as the United Nations Development Program, governmental aid agencies and militaries, nongovernmental organizations (NGOs), and private businesses is vital. Eradicating poverty through profits involves finding a way to alleviate poverty for those at the bottom of the economic pyramid through collaboration among the poor themselves, civil organizations, governments, and private firms. This approach is widely known as the bottom of the pyramid (BOP) concept.
Document Details
- Document Type
- Technical Report
- Publication Date
- Jan 01, 2006
- Accession Number
- ADA482160
Entities
People
- Miemie W. Byrd